Stephens Lowers First Mid Bancshares (NASDAQ:FMBH) Price Target to $41.00

First Mid Bancshares (NASDAQ:FMBH) had its price target decreased by Stephens from $43.00 to $41.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the bank’s stock. Stephens’ price objective indicates a potential upside of 14.17% from the stock’s previous close.

Several other research firms have also recently issued reports on FMBH. Raymond James reiterated an “outperform” rating and set a $40.00 target price (down previously from $43.00) on shares of First Mid Bancshares in a research report on Friday. Hovde Group lowered their target price on shares of First Mid Bancshares from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, First Mid Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

First Mid Bancshares Stock Up 4.3 %

Shares of NASDAQ:FMBH opened at $35.91 on Friday. First Mid Bancshares has a 1-year low of $27.58 and a 1-year high of $43.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $861.19 million, a P/E ratio of 10.91 and a beta of 0.84. The firm has a fifty day moving average price of $34.33 and a 200 day moving average price of $37.39.

First Mid Bancshares (NASDAQ:FMBH) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $85.21 million for the quarter, compared to analyst estimates of $58.29 million. First Mid Bancshares had a return on equity of 10.10% and a net margin of 17.39%. Sell-side analysts predict that First Mid Bancshares will post 3.61 EPS for the current year.

Hedge Funds Weigh In On First Mid Bancshares

Several large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in shares of First Mid Bancshares by 804.9% during the 4th quarter. Sterling Capital Management LLC now owns 733 shares of the bank’s stock valued at $27,000 after buying an additional 652 shares during the period. Federated Hermes Inc. boosted its holdings in First Mid Bancshares by 1,226.4% in the fourth quarter. Federated Hermes Inc. now owns 955 shares of the bank’s stock valued at $35,000 after acquiring an additional 883 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in First Mid Bancshares during the fourth quarter valued at about $65,000. Tower Research Capital LLC TRC increased its stake in First Mid Bancshares by 16.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,959 shares of the bank’s stock worth $72,000 after acquiring an additional 276 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of First Mid Bancshares in the 4th quarter worth about $76,000. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

First Mid Bancshares Company Profile

First Mid Bancshares, Inc, a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company’s loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans, as well as construction and land development, 1-4 family residential properties, and multifamily residential properties loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases.